International Game Technology (NYSE:IGT) had its target price lowered by equities research analysts at Jefferies Financial Group from $35.00 to $30.00 in a report released on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 60.60% from the company’s current price.
IGT has been the topic of several other reports. ValuEngine lowered International Game Technology from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. SunTrust Banks began coverage on International Game Technology in a research report on Monday, October 1st. They set a “hold” rating and a $21.00 price target on the stock. Societe Generale began coverage on International Game Technology in a research report on Wednesday, October 17th. They set a “buy” rating and a $20.50 price target on the stock. Finally, Credit Suisse Group began coverage on International Game Technology in a research report on Tuesday, August 14th. They set a “neutral” rating and a $24.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. International Game Technology presently has an average rating of “Buy” and an average price target of $27.36.
International Game Technology stock opened at $18.68 on Thursday. The company has a market cap of $3.26 billion, a PE ratio of 12.29 and a beta of 1.38. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.01 and a quick ratio of 0.88. International Game Technology has a 52 week low of $15.01 and a 52 week high of $31.00.
International Game Technology (NYSE:IGT) last released its earnings results on Wednesday, October 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.20 billion. International Game Technology had a positive return on equity of 12.26% and a negative net margin of 13.37%. The business’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS. As a group, analysts forecast that International Game Technology will post 1.16 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Reilly Financial Advisors LLC increased its position in International Game Technology by 2,035.6% in the third quarter. Reilly Financial Advisors LLC now owns 6,471 shares of the company’s stock worth $128,000 after buying an additional 6,168 shares during the period. Hilltop Holdings Inc. acquired a new stake in International Game Technology in the second quarter worth $234,000. Synovus Financial Corp increased its position in International Game Technology by 21,298.2% in the third quarter. Synovus Financial Corp now owns 11,769 shares of the company’s stock worth $234,000 after buying an additional 11,714 shares during the period. Centaurus Financial Inc. acquired a new stake in International Game Technology in the second quarter worth $239,000. Finally, Peavine Capital LLC acquired a new stake in International Game Technology in the second quarter worth $264,000. 47.35% of the stock is currently owned by hedge funds and other institutional investors.
International Game Technology Company Profile
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.
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